This week, news stands out such as the results of El Corte Inglés, which increased its turnover by 5.4% in fiscal year 2023 (closed on February 28), to 16,333 million euros, and reduced its net profit to 480 million of euros due to the lack of extraordinary items. Meanwhile, Awwg’s new roadmap contemplates the company increasing its size by more than 40% by the end of fiscal year 2026 (which will end in March 2027), until reaching revenues of 850 million euros. Another of the main Spanish companies, Desigual, after having made one of the most risky turns that a fashion brand can undertake (changing clients and positioning), has reached out to new clients, becoming a viral phenomenon with renewed objectives, such as growing up to 500 million euros in five years. In addition, The Fashion Pact has incorporated the CEO of Inditex, Óscar García Maceiras, to its presidency.
MONDAY
Awwg
The group accelerates with G-III: sales of 850 million and EBITDA of 110 million in three years.
Mam Originals
New headquarters and first store in the heart of Barcelona.
Apodemy
The company plans to open ten new corners in El Corte Inglés in 2024.
Fabbric
The Catalan company opens a new round and captures Glovo in its leap into fashion.
TUESDAY
Inditex
The Fashion Pact incorporates the CEO of Inditex to its presidency.
Guess
The company grows 18% in two years and exceeds 160 million.
Mr Boho
The optical company opens its second store in Bilbao.
Ecoalf
The company is advancing its international expansion and aims for 150 million euros in 2027.
WEDNESDAY
Scotta
The company goes to the market in search of an industrial partner to finance its growth.
Lupo
Lupo bags change hands: Niche Beauty Lab buys the brand and relaunches it.
The English Court
The department store company grows 5.4% in 2023 and reduces its profit to 480 million.
Blue Banana
The company advances in high street with a flagship on Rambla Catalunya.
Hof
The company of sneakers negotiates its entry into India with Myntra.
Adidas
The sports giant is betting on the Spanish sun: it creates an energy plant at its headquarters in Caspe.
Nextil
The group joins forces with the Portuguese company Adalberto for the industrialization of Greendyes tinting.
THURSDAY
Unequal
The Catalan company is reaping, little by little, the fruits of its change in positioning.
Unfeigned
The company is preparing to open its second store in 2025.
Miphai
The Malaga company lands in El Corte Inglés with three corners in Valencia, Murcia and Córdoba.
FRIDAY
Coleus
The company reorganizes its production under a new company in Mataró.
tiffany
The jewelry company prevails in Serrano and takes over the corner with Ortega y Gasset.
Inditex
The group hits all-time highs on the stock market, but it dilutes and falls at the close of the session.
Ssstufff
The Catalan company lands in the center of Madrid with its second store.
Inditex
The Galician giant also raises salaries in logistics: an increase of 4,700 euros in Zaragoza.
